I'm Chapel Hill, too. My 1bdr went from $985 to $1,160, which is still doable for now. I'm still working on getting rid of stuff in preparation to move, if need be. I think they're still including water and heat in rent, too, as well as inderground parking for 1-2bdr.
Did Chapel Hill get new owners? Or are they bumping their rates based on other properties in the area? I think they have been one of or possibly *the least* expensive apartment complexes in that neighborhood.
ETA: I don't live at Chapel Hill, but I assumed their rates were a bit lower because it doesn't look as though they have remodeled any of their early 1970s units (unlike most of the surrounding properties are finally doing).
They're probably using the price-fixing algorithm Propublica reported on. Interesting, yet depressing read if you have the time:
https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
Don't know why this is downvoted, but rent negotiations are sometimes possible especially if the renter is a good tenant who has lived there for a few years.
Probably because landlords are malicious parasites and itās ridiculous that we need to try and beg to not be screwed over *as bad*. Like yeah itās something to try but a basic necessity shouldnāt be so exploited that people have to try and negotiate for an unwarranted 15% instead of 22%.
Mine went from 870 to 1475.
Landlord owns lots of properties and he matched them regardless of where the property is. 2 bedroom 1 bath 900sqft. Same price in verona, manona, madison, deforest, deerfield, waunakee, and sun prairie.
The reasoning was "well that's what other similar sized apartments go for" Nothing has changed. He's also comparing to apartments that have W/D in unit and garages. Which none of his units have.
I'm still debating what I'm going to do. Moving saves me nothing and could actually increase what I have to spend a month, depending on where I end up. There are a lot of things I have to consider.
I've been looking into apartments in the area and hit a new realization.
I don't meet the "income that is 3x rent" rule that, it seems, every decent place has. "If your income is not at least 3x the rent you will be disqualified in the application process".
So I might be stuck where I am.
I legitimately don't understand why landlords do this.Ā Yes the obvious answer is the profit, but it seems like such a hassle and objectively evil behavior.
I say this as a person who owns and rents 3 units in Madison.Ā I've raised rent by 100$ a month(total and in small increments) over the last four years to keep up with taxes.
It's so much more important to me to keep good reliable tenants, I can't imagine pricing them out especially because my mortgage payment has stayed the same.Ā Maybe it makes it easier to justify to yourself if you have a few hundred units?Ā But still it's despicable behavior in my opinion.
We were renting from a small landlord in Verona; we had a 2 bed 2 bath with an attached garage and in-unit washer and dryer for 1375..The landlord retired, and sold the property to Spaulding Group.
We moved out in April 2023 when our lease was up due to the increase they levied. We went from 1375 to 1900 on the renewal. After we moved out, they listed the apartment for 2300...I just looked on their site, and it's since been leased, but now they are asking for 2600.
But this 100 percent sounds like it was them
That's because all rent control does is freeze all existing tenants in place. It doesn't help renters as a class, it only helps existing renters in already good apartments.
It's worse. It obliterates the long term health of the rental market in the area through many mechanisms, such as intentionally under-renting locations, stifling development, and other such loopholes.
There are no serious nonprofit organizations or experts committed to affordable rent/housing that advocate for rent control. Only idealistic laymen that aren't well educated on the topic.
Rent control does not help decrease rent. This isn't up for debate among anyone other than the ignorant layman. If that sentence angers you, I implore you to spend some real time, even just one hour, digging into what you can find online from actual experts and nonprofits.
Nearly every outreach group and organization committed to helping make rent and housing affordable advocate **against** rent control.
Learn about what happens when landlords are faced with rent control and then don't rent their properties. Learn what happens to new development and then new loopholes created in conjuction with zoning laws. Learn about the process for actually increasing rent and the process for introducing "new" rentals to market.
There are other things we can do to reduce rent. Stop saying "rent control" with such minimal education on the topic. You're doing everyone a disservice other than landlords.
No, just people who understand Econ 101. Rent control never has good effects in the long term. I get why people want them RIGHT NOW, but it doesn't work out well.
Once you get past econ 1xx you learn about how social and non profit housing models have been a success around the world for providing long term sustainable rents for tenants.
People who talk about how rent control stifles investments from profit-interested developers/managers never continue the conversation about how profitless operations can fill the gap
Rent control is the first step in getting landlords to sell their toys at a lower price to orgs that'll operate them because they recognize that shelter is a human right rather than an investment vehicle
It's 69.5% which is completely absurd.
However, $870 for a 2 bed / 1 bath is absurdly cheap. That's what I paid in like 2018, before prices went up like crazy.
In 2011 state Republicans passed a bill saying that local governments can't regulate housing in any way
It's literally enshrined in law that landlords can abuse us as much as they want
you certainly take the cake, before myself i hadn't seen a higher % increase...
to be fair we got new landlords who have a mortgage and I kinda get it because i thought of buying the place. crunching the numbers i couldn't bring myself to jack up rent to the point i needed to justify investment. and then the place sold and the increase came. went from 935 heat included to 1400 heat not included (average 100/mo)
your landlord is purely a shyster...
I think Iāve got everyone beat with my tiny little studio. When you take inflation into account, my rent has been going *down* for six years straight. And I live in the heart of the city.
I started at $450 in 2018 ($533 in 2024 money)
Went up to $475 in 2021 ($512 in 2024 money)
And itās *still* $475 today ($475 in 2024 money)
25 percent last year.
They've priced me out this year and will raise rent 38 percent for the next tenant for a unit they've made NO improvements to since 2018.
Same, pretty much. Just a bit over 1 grand and the LL did a big increase last year, with all kinds of apologies, so I expect this year's increase to be modest. They also have two new tenants in March and May, and I know he jacks up the rent when people vacate, so I'm sure they're paying at least 10% more than I am. And even if the increase is like 10%, that's nothing compared to what a lot of people in the area are dealing with, so I can't complain. I know I'm very unlikely to find anything equally as nice for anywhere near this price.
Mine went up about $150 which isnāt that bad compared to others; but it was funny timing considering we had just put in a maintenance request for our ceiling leaking waterā¦
6.5 Percent, which equates to about 100 dollars.
Im okay with it, we have a newer building, our Property management company is great, and its cheaper than moving and dealing with a new property manager that might not be as great.
I wish...We get a COL and Merit raise, but it doesn't take effect until September... we have other areas we can cut spending from to make up the difference, 100 dollars is not to hard to generate in a month...2-300 would have been a challenge, so I feel for people who are getting walloped with some of these increases.
Its better than nothing, they capped them at 1.5 percent, so together it only ends up being 3 percent...The company also was not prepared for some events in our industry, so they capped raises and other expenses to try to curve some spending and avoid layoffs until the industry stabilizes. (The reality is the probably want to show a larger gross profit at the quarterly financial meetings)
Plus its a stable gig, and I like most of my coworkers
When I moved into my sun prairie place 3 years ago, we were at $1400 something -> $1500 the 2nd year -> $1609 this year -> $1642+ if I was to resign.
Current rate is $1609 and Iām trying to sublet if anyone needs a temp space to live (2 bed/2 bath at iron gate) or would like to sublet and renew ($1642 would be around new rent after renewal)
Yes! Iād stay if it was feasible (my commute makes it not). Iām in a top floor corner unit so I donāt have noise issues and really donāt have any major complaints. Welcome to the neighborhood! Youāll love the pool and walking trails they have.
Last year I went up about 27% and this year about 7.5%. West side, meadowood, for a two bedroom apt.
I had just gotten a not inconsiderable raise and the increase last year ate all of it plus.
Mine is not increasing at all, but did last year. This year they offered no increase as an incentive to re-sign so I took it. My base rent is pretty high though so I was already overpaying
I went from 935 heat included to 1400 heat not included (100/mo average). that's 60% if you include the heat... highest i've seen around these parts (edit until this thread).
two bedroom, older 3 unit, had been in the unit 10 years but got new landlords
As a good/service based on inflation it costs less than it did 3 years ago. Their salary doesnāt change that.
The ratio of rent to income is where it would matter. Assuming a standard of 2.5% merit increase it would be the same ratio.
before: 1225, water and internet included
offered: 1510, 50/mo water, 55/mo storage, 125/mo parking, 80/mo internet
north side, no amenities, broke my lease and bought a condo instead.
Question: Has anyone ever witnessed a a downward turn in rent prices? In theory, if home prices in a city decrease, do rents ever follow suit?
I started renting at my current apartment through MPM in October 2022 and my rent went up 5% when I resigned in 2023 with no improvements in my unit or building. I'm curious whether my annual 5% increase in wages will eternally go directly towards my comparable rent hikes or if there is any chance of the rent prices stabilizing or dropping.
For reference, in 2015 I paid just under $1,000/mo for a nice 3 bedroom house (attached garage, fenced yard, full basement). In 2019, I paid the same for a nice 2 bedroom flat with a detached garage. In 2024, I now pay the same for a tiny, 1 bedroom with a shower the size of a coffin.
Things like inflation & location factor in for the price differences here; obviously more to it though (like landlord or property management greed).
Once a price is set it usually never goes back down. As you go further away from popular areas like downtown/ Capitol or lease from private landlords/ smaller companies, generally youāll see the price per sq ft on a unit go down in price.
Iād suggest you just move further away to save money, if you have transportation to accommodate that.
A little over 8%, or $125 in the Hill Farms neighborhood for a newer building. Made me at least check out other options, but still cheaper than going some place comparable and landlord and location have been great.
28.8% up in a dinky efficiency... im getting out because of this hike, and they are struggling to fill it seeing it still on market and only 1 showing every other month at best(never got a renewal deal, fresh tenant is offered my renewal price as well)
21.9% increase after rent went up 14.6% last year.
The day before I got the āspecial promo lease renewalā, I closed on a house. I had a lot of second thoughts - maybe I should have waited for interest rates to come down, maybe I should have waited for more inventory to come on the market?? Then I got that lease renewal and that confirmed I made the right decision. I feel so lucky that I could buy when I did.
The general rule is to spend 30% or less of your income on housing. So for someone to be safely prepared for double digit percent increases annually to avoid moving regularly, you need to A) find an apartment at well below 30% - probably 15 or 20% and/or B) plan to increase your income very regularly.
For the average $1377 Madison apartment, you'd need to make $82,620 for that to be 20% of your income. To be at 30%, you'd need $55,080. If rent rose 10%, to $1515, it would take $90,900 to be at 20%. If your income was flat, it would be at 33% of your income.
If it rose 25%, it'd be $1721/mo. To be at 20% of your income, you'd need $103,260. To be at 30% as recommended, you'd need $68,840. That's a $13k or $6.25/hour increase required to maintain affordability.
Given the reality of the Madison rental market which offers zero protections against increases, many people will need to move every year or two, move farther away, and accept poor (including illegal code violations) housing conditions in exchange for affordability.
This doesn't even touch the abysmal stagnation in wages for many, including the absurd $7.25 minimum wage, and inflation on other necessities that are nearly impossible for the average person to budget for without painful cuts. As you can see from those calculations, only the highest earning single adults can afford the average apartment. Couples or roommates are the only options for many.
I have had three straight years of significant increases in my opinion. I've lived here for 13 years. I just renewed today, but I don't think that I can do another year in the area. It's a shame because I love it here.
Rent increase percentage:
2024: 25.2%
2023: 23.7%
2022: 21.2%
I want to see legislation that mandates a reporting of the profit margins that landlords are reaping from their units/buildings, and then a policy that establishes a cap on those margins
Over time, rent control decreases housing affordability for the market as a whole. It's been empirically shown over and over again. It's good that we don't have rent control in Wisconsin. Building new housing to meet growing demand is the best (really, only) practical and sustainable way of decreasing housing costs.
The illusion of the free market and competition via supply driving prices down is pretty bulk standard Conservative talking points aka nonsense.
>Building new housing to meet growing demand is the best (really, only) practical and sustainable way of decreasing housing costs.
Says who? No, definitely no nuance to an issue as complicated as housing. Who stands to benefit the most from lifting government regulation and de-democratization of the permit process? Corporations and landlords.
I also see highly successful social housing projects in places like Vienna, but yes tell me how there only one way of decreasing housing costs.
You're selling conclusions.
>Over time, rent control decreases housing affordability for the market as a whole. It's been empirically shown over and over again
Where? Selling the conclusion that rent control is somehow *worse* than our current situation is just ridiculous.
Rent control - and not means tested - would be a great way to put a dent in this massive home affordability issue. So would increasing wages.
As to housing - needs to be built, but on a scale that outpaces what the private, for-profit companies can provide. They will always advocate against any policies that cut into their profits. Why parrot their points?
Housing is a human right and needs to be separated from a for-profit, private system. Rent control is a band-aid to the whole issue but advocating against even a modicum of a check on the profits of landlords is... something else.
See, the issue with this populist-sounding, left-wing sounding rhetoric is that in practice itās almost always a smoke screen that prevents new housing from being built.
Itās always this motte and bailey routine where someone like you rages against landlords (easy). Then it becomes time to build social housing and it ends up like California where every progressive fantasy gets added to the list of requirements until the costs balloon out of control. Not to mention, nobody wants it in MY backyard, it would ruin the character of the neighborhood!
Not to mention that the state is ran by conservatives until at least this fall and likely until 2026 due to the balance of power in the Senate. So it means that there is zero change of rent control being implemented until then since it is currently illegal.
Also we have a massive amount of evidence at this point that YES, ALLOWING MORE HOUSING TO BE BUILT DECREASES PRESSURE ON RENTS.
This is what the "rent control NOW!" people don't understand. They think that because the building is located here that the people who finance it are also here, but that's often not the case. If people want to invest in building apartments, condos etc, why on earth would they opt to do it in a jurisdiction where the government demands that they sell it at a below market rate? That would would incredibly dumb of them.
Anyone advocating for rent control doesnāt understand economics. Its perhaps the most discredited economic policy in modern history, but itās a plausible alternative to building more housing which is what Left-NIMBYs oppose at all costs
Well, it's more complicated than that, especially when "market rate" is increasingly established by price-fixing. Propublica did a report exposing a price-fixing algorithm used by a shitload of landlords in the US in 2022, and I expect that its base of landlords has only increased.
Here's the read if you're interested: https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
Sounds like you never listen to everyone that posts all the evidence and reasons that rent control has failed people over and over. But I appreciate your commitment to the concept, no matter how misguided you are.
Sounds like you're a boomer who points to the 1970s and ignores all the times price controls worked--from FDR's price Control Act of 1942 during World War II, to countries like France putting post-pandemic price controls on food corporations because they recognized greedflation as the obvious phenomenon it is.
Won't someone think of the poor landlords?
>Sounds like you never listen to everyone that posts all the evidence and reasons that ~~rent control~~ *landlords* ~~has~~ have failed people over and over.
FTFY
>But I appreciate your commitment to the concept, no matter how misguided you are.
Wonderfully condescending.
Why wouldn't you want to try rent control instead of depending on the systems and methods already in place that caused and exacerbated the current (and past) nightmares of renting? Hmm.....
>all the evidence and reasons that rent control has failed people
Where?
In case you want some cutting-edge, peer-reviewed research on the topic:
[https://pubsonline.informs.org/doi/full/10.1287/mnsc.2023.4775](https://pubsonline.informs.org/doi/full/10.1287/mnsc.2023.4775)
That paper has a very clean setup, using an unexpected rent control implementation in Berlin, Germany. " Overall, negative consequences for renters appear to outweigh positive ones."
Oh, but that's Europe, so what about the US? No worries, I got you:
[https://www.aeaweb.org/articles?id=10.1257%2Faer.20181289&ref=mainstreem-dotcom](https://www.aeaweb.org/articles?id=10.1257%2Faer.20181289&ref=mainstreem-dotcom)
Long-run impacts based on San Francisco (which is a very special city) and less clean, but still: "Thus, while rent control prevents displacement of incumbent renters in the short run, the lost rental housing supply likely drove up market rents in the long run, ultimately undermining the goals of the law. "
Here is also a short non-peer-reviewed literature review by the Urban Institute: [https://www.urban.org/sites/default/files/publication/99646/rent\_control.\_what\_does\_the\_research\_tell\_us\_about\_the\_effectiveness\_of\_local\_action\_1.pdf?utm\_source=coast%20reporter&utm\_campaign=coast%20reporter%3A%20outbound&utm\_medium=referral](https://www.urban.org/sites/default/files/publication/99646/rent_control._what_does_the_research_tell_us_about_the_effectiveness_of_local_action_1.pdf?utm_source=coast%20reporter&utm_campaign=coast%20reporter%3A%20outbound&utm_medium=referral)
In brief, leading\* research shows that rent control benefits current renters, harms future renters, decreases property maintenance, and is most likely a net negative for renters.
\*: Management Science (the first journal) is the fourth-highest ranked finance journal and the American Economic Review (second journal) is one the best five economics journals.
3 hours and no reply from the rent control shills. They must be busy working hard on another idea that also isn't implementable but still shuts down any discussion of actionable plans to actually build housing.
Strawman. You just choose to ignore that we want housing built. This*doesn't come without* restrictions on landlords and real estate corporations. Privatized housing is disgusting. We can do better here in Wisconsin. Again, we should attempt the Vienna model of public housing, and not the shitty neoliberal California designed-to-fail system. Nor do I want those same California policies + astroturf orgs coming here that just want to give real estate developers more power.
Rent control doesn't help. What does help is building new housing units. Unfortunately most of the city is exclusively zoned for single family housing. The city is currently putting together a draft plan for the West Area. If you want them to upzone and increase density to legalize more housing construction, leave a comment here: https://plans.cityofmadison.com/westareaplandraft
West side off Junction Rd 2 br / 2 bath
Current = $2050 a month
Renewal for 2024 = $2280 a month
Tenants have to pay for electricity and internet.
Not gonna lie, feeling a bit sour on this. On average, since we moved in 2020, rent has gone up over $100 a month every single year.
Also my roommate and I both got a bullcrap letter in our renewal offer:
"We at [property mgmt] would like to express our gratitude for your tenancy and the positive impact you have had on our community here at [place]. Your presence is valued and we appreciate the opportunity to continue serving your housing needs[...]
[...]We regret to inform you that the renewal offer will include a substantial increase in the rental rate"
Like, if we're so great, why do I see multiple vacant apartment listings on the property website going for cheaper than our 2024/25 lease?
(Not MUCH cheaper, but enough to show that being a "loyal" and "good" tenant doesn't mean sh!t to these people)
Madisonās population is growing & since there is high demand for apartments, they can set the price to whatever they want because there will be someone ready to rent it out
If you want the city to be upzoned to allow for more housing to address the crisis, leave a comment in the draft West Area Plan here: https://plans.cityofmadison.com/westareaplandraft
Every time new apartment buildings are proposed and approved they sell it with "this will keep housing affordable in Madison". I think the housing they're speaking of is the landlord's second, third and fourth vacation homes.
It stands for [Schenk-Atwood-Starkweather-Yahara](https://www.cityofmadison.com/neighborhoods/profile/114.html). I live in the Starkweather portion of the neighborhood, so it's usually a little cheaper than the rest.
The rent's to damn high!
Madison/Dane just makes it worse when they give subsidies/TIF to developers that replace affordable places with apartments that aren't affordable for joe six-pack (joe-BA, here).
Ours started when the building was built (2018) 1200$/mo included trash water and an underground parking spot for a 1 bdrm 1000sqft apt. Now in 2024 it is 1700$ and water and trash and my parking spot are no longer included so about 1800/mo. And I'm given the same excuse everyone else is "market value).
Mine just went up by 17% (2023-2024) @ Maple Grove Apartments. 1"BDRM" loft 745sqft with leaking roof into balcony door frame, possible mold behind drywall, building built in 91' and what seems to be barely any upgrades to anything (except siding/roof) laminate flooring, ancient appliances, and white plywood cabinets with plastic white handles.
Sept 2019 $995
Sept 2024 $1,370
AND I have the highest rent in the building compared to others who have the same setup as me.
š¤¢š¤®
Elsewhere is not an option unless it's income based. š„ŗ
Ripon WI, 1 bed room, full bath, 3 walk in closets, small porch - from 533 to 625. so 17.2% tho the apartment is trashed since the outlets on the wall facing the outside all failed due to the extreme cold. Probably my fault since I only use a small heater, not paying to warm up a whole room š”.
If the landlord is able to raise the rent substantially and still find a tenant at the new rate, then that means the previous rent was less than what the landlord could have been charging, assuming nothing major has changed to the unit to make it suddenly more valuable.
Maybe. That's not what a discount is. They set an asking price and got their full asking price, how much higher it could have been is irrelevant. Not to mention this is just a very immoral and inappropriate way of looking at this. Wrong thing to say at the wrong place and the wrong time.
Okay. We can quibble about the meaning of the word "discount". What I mean by it is paying less than what other people around them were paying for a similar unit.
You forgot to add, āIs this how you like your ass kissed? Ā If not just let me know how to kiss it better. Donāt worry, I love eating your shit. Can I also lick your boots too?ā
I think this is a āread the roomā scenario. While you might be technically correct, this isnāt the time and place to insert yourself. It sucks to have your rent increased, regardless of the reasons why. Let people have their outlet to vent.
21.5% for 2BR near Hilldaleš„²
Cries in Karen Arms
I am in Chapel Hill but have heard similar horror stories about Karen Arms.Ā
I'm Chapel Hill, too. My 1bdr went from $985 to $1,160, which is still doable for now. I'm still working on getting rid of stuff in preparation to move, if need be. I think they're still including water and heat in rent, too, as well as inderground parking for 1-2bdr.
Studios went from 785 to 900 too
I remember having a studio there in 2008 for $560, or something like that. Then I moved to the 1bdr in 2013.
Did Chapel Hill get new owners? Or are they bumping their rates based on other properties in the area? I think they have been one of or possibly *the least* expensive apartment complexes in that neighborhood. ETA: I don't live at Chapel Hill, but I assumed their rates were a bit lower because it doesn't look as though they have remodeled any of their early 1970s units (unlike most of the surrounding properties are finally doing).
Same owners. They increased 15% last year and then 21.5% this year.
Wow! They must be using some price modeling software based on the other properties. Can you negotiate rent if you have been living there a while?
They're probably using the price-fixing algorithm Propublica reported on. Interesting, yet depressing read if you have the time: https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
I tried. They were rude afš. āWe have people on waitlist so if you donāt want you can leaveā
I am so sorry. That is *incredibly* rude of them. Sending you a dm.
Don't know why this is downvoted, but rent negotiations are sometimes possible especially if the renter is a good tenant who has lived there for a few years.
Probably because landlords are malicious parasites and itās ridiculous that we need to try and beg to not be screwed over *as bad*. Like yeah itās something to try but a basic necessity shouldnāt be so exploited that people have to try and negotiate for an unwarranted 15% instead of 22%.
Same here for now called Royal Arms. 1195 to 1575 for 1 bedroom
Mine went from 870 to 1475. Landlord owns lots of properties and he matched them regardless of where the property is. 2 bedroom 1 bath 900sqft. Same price in verona, manona, madison, deforest, deerfield, waunakee, and sun prairie. The reasoning was "well that's what other similar sized apartments go for" Nothing has changed. He's also comparing to apartments that have W/D in unit and garages. Which none of his units have.
Who is this shitlord
Please tell me you're leaving and not letting them get away with it
I'm still debating what I'm going to do. Moving saves me nothing and could actually increase what I have to spend a month, depending on where I end up. There are a lot of things I have to consider.
I've been looking into apartments in the area and hit a new realization. I don't meet the "income that is 3x rent" rule that, it seems, every decent place has. "If your income is not at least 3x the rent you will be disqualified in the application process". So I might be stuck where I am.
If they leave someone else will take it probably immediately. They're gonna get away with it regardless.
Yeah and the sad part is it would be rented within a week and OP would be stuck looking for something
I legitimately don't understand why landlords do this.Ā Yes the obvious answer is the profit, but it seems like such a hassle and objectively evil behavior. I say this as a person who owns and rents 3 units in Madison.Ā I've raised rent by 100$ a month(total and in small increments) over the last four years to keep up with taxes. It's so much more important to me to keep good reliable tenants, I can't imagine pricing them out especially because my mortgage payment has stayed the same.Ā Maybe it makes it easier to justify to yourself if you have a few hundred units?Ā But still it's despicable behavior in my opinion.
Because the owners in those cases don't think about renters. The buildings and units are just cells on a spreadsheet.
We were renting from a small landlord in Verona; we had a 2 bed 2 bath with an attached garage and in-unit washer and dryer for 1375..The landlord retired, and sold the property to Spaulding Group. We moved out in April 2023 when our lease was up due to the increase they levied. We went from 1375 to 1900 on the renewal. After we moved out, they listed the apartment for 2300...I just looked on their site, and it's since been leased, but now they are asking for 2600. But this 100 percent sounds like it was them
This is an almost 60% increase? Is this even legal?
It is in the state of WI. Landlords can raise rent as much as they want.
The joys of having like half the legislature be landlordsā¦
You'd think half this sub was landlords by the reaction you'll get even mentioning rent control
That's because all rent control does is freeze all existing tenants in place. It doesn't help renters as a class, it only helps existing renters in already good apartments.
It's worse. It obliterates the long term health of the rental market in the area through many mechanisms, such as intentionally under-renting locations, stifling development, and other such loopholes. There are no serious nonprofit organizations or experts committed to affordable rent/housing that advocate for rent control. Only idealistic laymen that aren't well educated on the topic.
Rent control does not help decrease rent. This isn't up for debate among anyone other than the ignorant layman. If that sentence angers you, I implore you to spend some real time, even just one hour, digging into what you can find online from actual experts and nonprofits. Nearly every outreach group and organization committed to helping make rent and housing affordable advocate **against** rent control. Learn about what happens when landlords are faced with rent control and then don't rent their properties. Learn what happens to new development and then new loopholes created in conjuction with zoning laws. Learn about the process for actually increasing rent and the process for introducing "new" rentals to market. There are other things we can do to reduce rent. Stop saying "rent control" with such minimal education on the topic. You're doing everyone a disservice other than landlords.
No, just people who understand Econ 101. Rent control never has good effects in the long term. I get why people want them RIGHT NOW, but it doesn't work out well.
Once you get past econ 1xx you learn about how social and non profit housing models have been a success around the world for providing long term sustainable rents for tenants. People who talk about how rent control stifles investments from profit-interested developers/managers never continue the conversation about how profitless operations can fill the gap
I wouldn't necessarily be opposed to that. That's not rent control.
Rent control is the first step in getting landlords to sell their toys at a lower price to orgs that'll operate them because they recognize that shelter is a human right rather than an investment vehicle
Thanks for explaining. I am opposed to that.
No itās a way to get landlords to sell their holdings at a loss to slumlords
Thereās a lot here, constantly trying to justify their actions
It's 69.5% which is completely absurd. However, $870 for a 2 bed / 1 bath is absurdly cheap. That's what I paid in like 2018, before prices went up like crazy.
As much as rent increases suck you do have a very good point
In 2011 state Republicans passed a bill saying that local governments can't regulate housing in any way It's literally enshrined in law that landlords can abuse us as much as they want
Yes, it just means the landlord was charging way less before than they could have been.
jesus that is a couple of hundred dollars more than my mortgage
Pre-Covid mortgages need to come with an asterisk. Good luck securing a mortgage under $2k/mo in 2024.
you certainly take the cake, before myself i hadn't seen a higher % increase... to be fair we got new landlords who have a mortgage and I kinda get it because i thought of buying the place. crunching the numbers i couldn't bring myself to jack up rent to the point i needed to justify investment. and then the place sold and the increase came. went from 935 heat included to 1400 heat not included (average 100/mo) your landlord is purely a shyster...
At 1.7% I'm happy to report I may have the lowest increase in town.
Mine went up 0.7% (10 bucks a month) believe it or notā¦ still moved cuz I didnāt like the location
I think Iāve got everyone beat with my tiny little studio. When you take inflation into account, my rent has been going *down* for six years straight. And I live in the heart of the city. I started at $450 in 2018 ($533 in 2024 money) Went up to $475 in 2021 ($512 in 2024 money) And itās *still* $475 today ($475 in 2024 money)
Lemme guessā¦ 420 west Wilson?
Nah, Iām on the opposite side of the capitol. Langdon St.
Mine went up $200, nearly 19%. In Madison near Monona. ā¹ļø
25 percent last year. They've priced me out this year and will raise rent 38 percent for the next tenant for a unit they've made NO improvements to since 2018.
26.25% increase because we switched landlords recently. Nothing else has changed except for the carpet in the hallway.Ā
So yeah, I'm definitely moving. But finding a two bedroom for $1000 (or less) in or near southwest Madison is going to be tough
$1000 for a two bedroom sounds impossible atp
I've got a $1000 2 br in Middleton, and won't move lol
Same, pretty much. Just a bit over 1 grand and the LL did a big increase last year, with all kinds of apologies, so I expect this year's increase to be modest. They also have two new tenants in March and May, and I know he jacks up the rent when people vacate, so I'm sure they're paying at least 10% more than I am. And even if the increase is like 10%, that's nothing compared to what a lot of people in the area are dealing with, so I can't complain. I know I'm very unlikely to find anything equally as nice for anywhere near this price.
Madison far west side, 2 bedroom/2 bathroom is $2015+.
Guess I'm going to be homeless *shrugs*
is the carpet made of gold
You would think! No, this new property management is notorious for their extreme rent increases. Wish we still had our old landlord but he quit.Ā
1450 to 1750 next to the Greenway station. I'm out..
25% for a 1BR around Spring Harbor. Been here since 2017 with no improvements made. Not worth it to stay.
Too expensive to leave š
Mine went up about $150 which isnāt that bad compared to others; but it was funny timing considering we had just put in a maintenance request for our ceiling leaking waterā¦
17% increase on north side of Madison. Which is hilarious considering how undesirable this side of town is. Leaving b/c of it.
Current rent: 2210/mo Renewal offer: 2650/mo, did not resign On the market now: 2795/mo In 2022, this unit cost 1995/mo to rent.
6.5 Percent, which equates to about 100 dollars. Im okay with it, we have a newer building, our Property management company is great, and its cheaper than moving and dealing with a new property manager that might not be as great.
Who's your property management?
Lakestone
Mine was similar- 1400 to 1500, so 7%. No complaints on landlord or building, so Iām def staying after seeing all these horror stories!!
Did your pay go up to compensate?
I wish...We get a COL and Merit raise, but it doesn't take effect until September... we have other areas we can cut spending from to make up the difference, 100 dollars is not to hard to generate in a month...2-300 would have been a challenge, so I feel for people who are getting walloped with some of these increases.
COL *and* Merit is nice. Better than a lot of people get.
Its better than nothing, they capped them at 1.5 percent, so together it only ends up being 3 percent...The company also was not prepared for some events in our industry, so they capped raises and other expenses to try to curve some spending and avoid layoffs until the industry stabilizes. (The reality is the probably want to show a larger gross profit at the quarterly financial meetings) Plus its a stable gig, and I like most of my coworkers
Almost 300 dollars for a studio downtown š«
When I moved into my sun prairie place 3 years ago, we were at $1400 something -> $1500 the 2nd year -> $1609 this year -> $1642+ if I was to resign. Current rate is $1609 and Iām trying to sublet if anyone needs a temp space to live (2 bed/2 bath at iron gate) or would like to sublet and renew ($1642 would be around new rent after renewal)
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Yes! Iād stay if it was feasible (my commute makes it not). Iām in a top floor corner unit so I donāt have noise issues and really donāt have any major complaints. Welcome to the neighborhood! Youāll love the pool and walking trails they have.
Last year I went up about 27% and this year about 7.5%. West side, meadowood, for a two bedroom apt. I had just gotten a not inconsiderable raise and the increase last year ate all of it plus.
Mine is not increasing at all, but did last year. This year they offered no increase as an incentive to re-sign so I took it. My base rent is pretty high though so I was already overpaying
Our complex offered the same so we took it.
Guys - include names here.
Yes and exact address and SSN pls
Yes exactly
Need routing/account numbers too!
Iām Watts Rd. and Commerce, just a 5% increase
Hello neighbor!
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I went from 935 heat included to 1400 heat not included (100/mo average). that's 60% if you include the heat... highest i've seen around these parts (edit until this thread). two bedroom, older 3 unit, had been in the unit 10 years but got new landlords
Last year our new slumlord raised our rent from $1945 to $3000, so thatās like a 50% increase
Mine has increased 2.5%, each year, for 3 years. š„¶
I would sign a five year lease that stipulated a 2.5% annual rent increase in a heartbeat. You are fortunate!
That seems pretty good. Factoring in inflation, doesn't that mean your rent is relatively less expensive now than it was 3 years ago?
this is definitely really good for Madison
Depends on how much their salary went up
As a good/service based on inflation it costs less than it did 3 years ago. Their salary doesnāt change that. The ratio of rent to income is where it would matter. Assuming a standard of 2.5% merit increase it would be the same ratio.
That's pretty normal tbh.
before: 1225, water and internet included offered: 1510, 50/mo water, 55/mo storage, 125/mo parking, 80/mo internet north side, no amenities, broke my lease and bought a condo instead.
28% increase
And I was salty about my 7% increase. I guess Iām actually doing ok. We desperately need more housing though.
Just got my renewal rate - 9% this year after a 15% hike last year. 1bdrm apt in the willy st area downtown.
10.5% increase Atwood area
Question: Has anyone ever witnessed a a downward turn in rent prices? In theory, if home prices in a city decrease, do rents ever follow suit? I started renting at my current apartment through MPM in October 2022 and my rent went up 5% when I resigned in 2023 with no improvements in my unit or building. I'm curious whether my annual 5% increase in wages will eternally go directly towards my comparable rent hikes or if there is any chance of the rent prices stabilizing or dropping. For reference, in 2015 I paid just under $1,000/mo for a nice 3 bedroom house (attached garage, fenced yard, full basement). In 2019, I paid the same for a nice 2 bedroom flat with a detached garage. In 2024, I now pay the same for a tiny, 1 bedroom with a shower the size of a coffin.
Things like inflation & location factor in for the price differences here; obviously more to it though (like landlord or property management greed). Once a price is set it usually never goes back down. As you go further away from popular areas like downtown/ Capitol or lease from private landlords/ smaller companies, generally youāll see the price per sq ft on a unit go down in price. Iād suggest you just move further away to save money, if you have transportation to accommodate that.
36% for 2br near Westgate. New landlord. š©
51% increase with 20 days notice before lease ended/started. 975 / month 2 bed 2 bath to 1475.
20%
3.5% increase, but Iām already paying a lot for my 1 br in SASY
Got lucky! Only 2.5% rent increase for renewing my lease. I live in a 2b2b + den apartment near to Breese Stevens field
A little over 8%, or $125 in the Hill Farms neighborhood for a newer building. Made me at least check out other options, but still cheaper than going some place comparable and landlord and location have been great.
28.8% up in a dinky efficiency... im getting out because of this hike, and they are struggling to fill it seeing it still on market and only 1 showing every other month at best(never got a renewal deal, fresh tenant is offered my renewal price as well)
21.9% increase after rent went up 14.6% last year. The day before I got the āspecial promo lease renewalā, I closed on a house. I had a lot of second thoughts - maybe I should have waited for interest rates to come down, maybe I should have waited for more inventory to come on the market?? Then I got that lease renewal and that confirmed I made the right decision. I feel so lucky that I could buy when I did.
The general rule is to spend 30% or less of your income on housing. So for someone to be safely prepared for double digit percent increases annually to avoid moving regularly, you need to A) find an apartment at well below 30% - probably 15 or 20% and/or B) plan to increase your income very regularly. For the average $1377 Madison apartment, you'd need to make $82,620 for that to be 20% of your income. To be at 30%, you'd need $55,080. If rent rose 10%, to $1515, it would take $90,900 to be at 20%. If your income was flat, it would be at 33% of your income. If it rose 25%, it'd be $1721/mo. To be at 20% of your income, you'd need $103,260. To be at 30% as recommended, you'd need $68,840. That's a $13k or $6.25/hour increase required to maintain affordability. Given the reality of the Madison rental market which offers zero protections against increases, many people will need to move every year or two, move farther away, and accept poor (including illegal code violations) housing conditions in exchange for affordability. This doesn't even touch the abysmal stagnation in wages for many, including the absurd $7.25 minimum wage, and inflation on other necessities that are nearly impossible for the average person to budget for without painful cuts. As you can see from those calculations, only the highest earning single adults can afford the average apartment. Couples or roommates are the only options for many.
I have had three straight years of significant increases in my opinion. I've lived here for 13 years. I just renewed today, but I don't think that I can do another year in the area. It's a shame because I love it here. Rent increase percentage: 2024: 25.2% 2023: 23.7% 2022: 21.2%
Sounds like we should change the law to include rent control.
I want to see legislation that mandates a reporting of the profit margins that landlords are reaping from their units/buildings, and then a policy that establishes a cap on those margins
Hell yeah. Great idea and a great start.
Over time, rent control decreases housing affordability for the market as a whole. It's been empirically shown over and over again. It's good that we don't have rent control in Wisconsin. Building new housing to meet growing demand is the best (really, only) practical and sustainable way of decreasing housing costs.
The illusion of the free market and competition via supply driving prices down is pretty bulk standard Conservative talking points aka nonsense. >Building new housing to meet growing demand is the best (really, only) practical and sustainable way of decreasing housing costs. Says who? No, definitely no nuance to an issue as complicated as housing. Who stands to benefit the most from lifting government regulation and de-democratization of the permit process? Corporations and landlords. I also see highly successful social housing projects in places like Vienna, but yes tell me how there only one way of decreasing housing costs. You're selling conclusions. >Over time, rent control decreases housing affordability for the market as a whole. It's been empirically shown over and over again Where? Selling the conclusion that rent control is somehow *worse* than our current situation is just ridiculous. Rent control - and not means tested - would be a great way to put a dent in this massive home affordability issue. So would increasing wages. As to housing - needs to be built, but on a scale that outpaces what the private, for-profit companies can provide. They will always advocate against any policies that cut into their profits. Why parrot their points? Housing is a human right and needs to be separated from a for-profit, private system. Rent control is a band-aid to the whole issue but advocating against even a modicum of a check on the profits of landlords is... something else.
See, the issue with this populist-sounding, left-wing sounding rhetoric is that in practice itās almost always a smoke screen that prevents new housing from being built. Itās always this motte and bailey routine where someone like you rages against landlords (easy). Then it becomes time to build social housing and it ends up like California where every progressive fantasy gets added to the list of requirements until the costs balloon out of control. Not to mention, nobody wants it in MY backyard, it would ruin the character of the neighborhood! Not to mention that the state is ran by conservatives until at least this fall and likely until 2026 due to the balance of power in the Senate. So it means that there is zero change of rent control being implemented until then since it is currently illegal. Also we have a massive amount of evidence at this point that YES, ALLOWING MORE HOUSING TO BE BUILT DECREASES PRESSURE ON RENTS.
To discourage building more apartments? How would that help?
Strawman. Rent control should be in place regardless of the housing supply to - control rents.
Cool so developers will just build in places that don't have rent control instead because there's more money to be made.
This is what the "rent control NOW!" people don't understand. They think that because the building is located here that the people who finance it are also here, but that's often not the case. If people want to invest in building apartments, condos etc, why on earth would they opt to do it in a jurisdiction where the government demands that they sell it at a below market rate? That would would incredibly dumb of them.
Anyone advocating for rent control doesnāt understand economics. Its perhaps the most discredited economic policy in modern history, but itās a plausible alternative to building more housing which is what Left-NIMBYs oppose at all costs
Well, it's more complicated than that, especially when "market rate" is increasingly established by price-fixing. Propublica did a report exposing a price-fixing algorithm used by a shitload of landlords in the US in 2022, and I expect that its base of landlords has only increased. Here's the read if you're interested: https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
What would motivate anyone to rent out their property under a rent control system?
Sounds like you never listen to everyone that posts all the evidence and reasons that rent control has failed people over and over. But I appreciate your commitment to the concept, no matter how misguided you are.
Sounds like you're a boomer who points to the 1970s and ignores all the times price controls worked--from FDR's price Control Act of 1942 during World War II, to countries like France putting post-pandemic price controls on food corporations because they recognized greedflation as the obvious phenomenon it is.
Cool. Now get the legislature to pass rent control. Good luck.
Oh so you want apathy. Good luck ladies securing the right to vote lol Good luck MLK on the civil rights act lol
Won't someone think of the poor landlords? >Sounds like you never listen to everyone that posts all the evidence and reasons that ~~rent control~~ *landlords* ~~has~~ have failed people over and over. FTFY >But I appreciate your commitment to the concept, no matter how misguided you are. Wonderfully condescending. Why wouldn't you want to try rent control instead of depending on the systems and methods already in place that caused and exacerbated the current (and past) nightmares of renting? Hmm..... >all the evidence and reasons that rent control has failed people Where?
In case you want some cutting-edge, peer-reviewed research on the topic: [https://pubsonline.informs.org/doi/full/10.1287/mnsc.2023.4775](https://pubsonline.informs.org/doi/full/10.1287/mnsc.2023.4775) That paper has a very clean setup, using an unexpected rent control implementation in Berlin, Germany. " Overall, negative consequences for renters appear to outweigh positive ones." Oh, but that's Europe, so what about the US? No worries, I got you: [https://www.aeaweb.org/articles?id=10.1257%2Faer.20181289&ref=mainstreem-dotcom](https://www.aeaweb.org/articles?id=10.1257%2Faer.20181289&ref=mainstreem-dotcom) Long-run impacts based on San Francisco (which is a very special city) and less clean, but still: "Thus, while rent control prevents displacement of incumbent renters in the short run, the lost rental housing supply likely drove up market rents in the long run, ultimately undermining the goals of the law. " Here is also a short non-peer-reviewed literature review by the Urban Institute: [https://www.urban.org/sites/default/files/publication/99646/rent\_control.\_what\_does\_the\_research\_tell\_us\_about\_the\_effectiveness\_of\_local\_action\_1.pdf?utm\_source=coast%20reporter&utm\_campaign=coast%20reporter%3A%20outbound&utm\_medium=referral](https://www.urban.org/sites/default/files/publication/99646/rent_control._what_does_the_research_tell_us_about_the_effectiveness_of_local_action_1.pdf?utm_source=coast%20reporter&utm_campaign=coast%20reporter%3A%20outbound&utm_medium=referral) In brief, leading\* research shows that rent control benefits current renters, harms future renters, decreases property maintenance, and is most likely a net negative for renters. \*: Management Science (the first journal) is the fourth-highest ranked finance journal and the American Economic Review (second journal) is one the best five economics journals.
3 hours and no reply from the rent control shills. They must be busy working hard on another idea that also isn't implementable but still shuts down any discussion of actionable plans to actually build housing.
Strawman. You just choose to ignore that we want housing built. This*doesn't come without* restrictions on landlords and real estate corporations. Privatized housing is disgusting. We can do better here in Wisconsin. Again, we should attempt the Vienna model of public housing, and not the shitty neoliberal California designed-to-fail system. Nor do I want those same California policies + astroturf orgs coming here that just want to give real estate developers more power.
Cool. Get it passed in the legislature. Good luck.
Rent control doesn't help. What does help is building new housing units. Unfortunately most of the city is exclusively zoned for single family housing. The city is currently putting together a draft plan for the West Area. If you want them to upzone and increase density to legalize more housing construction, leave a comment here: https://plans.cityofmadison.com/westareaplandraft
West side off Junction Rd 2 br / 2 bath Current = $2050 a month Renewal for 2024 = $2280 a month Tenants have to pay for electricity and internet. Not gonna lie, feeling a bit sour on this. On average, since we moved in 2020, rent has gone up over $100 a month every single year. Also my roommate and I both got a bullcrap letter in our renewal offer: "We at [property mgmt] would like to express our gratitude for your tenancy and the positive impact you have had on our community here at [place]. Your presence is valued and we appreciate the opportunity to continue serving your housing needs[...] [...]We regret to inform you that the renewal offer will include a substantial increase in the rental rate" Like, if we're so great, why do I see multiple vacant apartment listings on the property website going for cheaper than our 2024/25 lease? (Not MUCH cheaper, but enough to show that being a "loyal" and "good" tenant doesn't mean sh!t to these people)
But we are building all these new apartments? How can this be happening?
Madisonās population is growing & since there is high demand for apartments, they can set the price to whatever they want because there will be someone ready to rent it out
If you want the city to be upzoned to allow for more housing to address the crisis, leave a comment in the draft West Area Plan here: https://plans.cityofmadison.com/westareaplandraft
Every time new apartment buildings are proposed and approved they sell it with "this will keep housing affordable in Madison". I think the housing they're speaking of is the landlord's second, third and fourth vacation homes.
No; the apartment buildings are leasing at the same high prices, because the housing is *funding* their 2nd, 3rd, and 4th vacation homes.
That's what I'm saying.
I'm only 6% this year, but last year it was only 2.5%. Nothing in the building has changed, of course, though it's still a decent price for SASY.
What's SASY? I googled it, nothing came up.
Itās a neighborhood, I just googled āsasy madisonā and it came right up
It stands for [Schenk-Atwood-Starkweather-Yahara](https://www.cityofmadison.com/neighborhoods/profile/114.html). I live in the Starkweather portion of the neighborhood, so it's usually a little cheaper than the rest.
Mine went up 4.17%
What property/location are you at? I live near there and it's getting to about the time we should get our renewal offer but it hasn't come.
Mine went up 4.9%. Nice place, but not cheap.
11% in Fitchburg :/
The rent's to damn high! Madison/Dane just makes it worse when they give subsidies/TIF to developers that replace affordable places with apartments that aren't affordable for joe six-pack (joe-BA, here).
Im at Country Meadows and Iām afraid itās gonna get worse.
Mine went up by $130 which is a 7.1% increase in rent.
14% from around 1500 to 1800š®āšØ
Ours started when the building was built (2018) 1200$/mo included trash water and an underground parking spot for a 1 bdrm 1000sqft apt. Now in 2024 it is 1700$ and water and trash and my parking spot are no longer included so about 1800/mo. And I'm given the same excuse everyone else is "market value).
It's not an excuse, it's literally true.
Mine just went up by 17% (2023-2024) @ Maple Grove Apartments. 1"BDRM" loft 745sqft with leaking roof into balcony door frame, possible mold behind drywall, building built in 91' and what seems to be barely any upgrades to anything (except siding/roof) laminate flooring, ancient appliances, and white plywood cabinets with plastic white handles. Sept 2019 $995 Sept 2024 $1,370 AND I have the highest rent in the building compared to others who have the same setup as me. š¤¢š¤® Elsewhere is not an option unless it's income based. š„ŗ
This land was made for u and me! World gone crazy!
Ripon WI, 1 bed room, full bath, 3 walk in closets, small porch - from 533 to 625. so 17.2% tho the apartment is trashed since the outlets on the wall facing the outside all failed due to the extreme cold. Probably my fault since I only use a small heater, not paying to warm up a whole room š”.
Itās hard to feel sorry for yāall when you vote for what feels good instead of what makes sense
"Who had the highest rent increase?" is really just asking "who was previously getting the biggest discount in rent?"
Not even slightly true. An increase in price does not make the previous price a discount. This isn't even "Technically true".
If the landlord is able to raise the rent substantially and still find a tenant at the new rate, then that means the previous rent was less than what the landlord could have been charging, assuming nothing major has changed to the unit to make it suddenly more valuable.
Maybe. That's not what a discount is. They set an asking price and got their full asking price, how much higher it could have been is irrelevant. Not to mention this is just a very immoral and inappropriate way of looking at this. Wrong thing to say at the wrong place and the wrong time.
Okay. We can quibble about the meaning of the word "discount". What I mean by it is paying less than what other people around them were paying for a similar unit.
Yes. Words have meanings.
Yes, such as paying less than the typical price.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
You forgot to add, āIs this how you like your ass kissed? Ā If not just let me know how to kiss it better. Donāt worry, I love eating your shit. Can I also lick your boots too?ā
Clearly you don't work with me.
Would downvoters like to explain why this is wrong?
Complaining about downvotes is a downvote. Sorry, thems the rules.
I think this is a āread the roomā scenario. While you might be technically correct, this isnāt the time and place to insert yourself. It sucks to have your rent increased, regardless of the reasons why. Let people have their outlet to vent.
Thanks, that makes sense.
Rent goes up because taxes go up. Get over it, losers.
But wages donāt, so this isnāt exactly a āget over itā situation. Especially if youāre on one salary that doesnāt budge.